TD Asset Management is adding an ETF Series to the TD North American Dividend Fund, a long-running income strategy, and listing the units on the Toronto Stock Exchange under ticker TDNA.
The firm framed the move as a way to give investors ETF convenience without abandoning active management. TD said trading was expected to begin on September 16.
The ETF Series wraps the portfolio used in the mutual fund version and keeps the same core objective.
TDNA seeks income with moderate capital growth by investing primarily in income-producing securities of North American issuers.
Eligible holdings include dividend-paying equities, preferred shares, REITs, bonds and ETFs, with the ability to use options, futures and forwards to enhance income or manage risk.
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David Sykes, chief investment officer at TD Asset Management, said the ETF Series is intended to expand investor choice around a proven approach: “By introducing the ETF Series for one of our most recognized mutual funds, we’re giving investors more choice and access to a proven strategy.”
The ETF Series can be bought and sold throughout the day at market prices and is designed to simplify tax reporting with a single annual slip.
The product is priced in line with the F-Series of the mutual fund and carries a stated management fee of 0.80 percent. TD classifies the risk profile as low to medium and says currency hedging is available. Distributions are scheduled quarterly.
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While the ETF Series is new, the underlying strategy is not.
The mutual fund launched in 2007 and has built a long track record that TDAM highlights in marketing materials, including a Morningstar Canada 5-star rating for the F-Series as of July 31, 2025.
Performance for the ETF Series itself will not be published until it has 12 months of history, as required by regulators.
The fund’s portfolio is run by a senior bench within TDAM’s public equities team, including Benjamin Gossack, Damian Fernandes, David Mau, Justin Flowerday and David Sykes.
The managers focus on companies with durable cash generation, competitive positioning and balance sheet strength, and can adjust the geographic mix between Canada and the United States based on outlook.
An option overlay and active currency management give the team additional levers to try to smooth volatility and sustain income.
TD uses a blended reference benchmark of 75 percent MSCI USA High Dividend Yield Index Net Dividend in Canadian dollars and 25 percent Dow Jones Canada Select Dividend Index in Canadian dollars to frame results.
As an actively managed mandate, the ETF is not designed to track that benchmark, but the mix signals an emphasis on consistent dividend payers on both sides of the border.
The launch fits a broader pattern of large Canadian asset managers offering ETF access to established mutual fund strategies.
Those who prefer to trade in brokerage accounts and value intraday liquidity, ETF series can offer a familiar strategy with a different trading experience.
Income-focused buyers who prioritize active security selection and the flexibility to shift between Canadian and U.S. markets for long-term, TDNA adds another route to the same underlying approach.
As always, fees, tax treatment and trading costs should be weighed against objectives and risk tolerance.
